TienOi is a lending platform that facilitates lending by connecting people looking to borrow money with financial institutions, lending businesses, and individual lenders. TienOi addresses two huge gaps in the market - limited options for small amount borrowing and limited short-term investing options that offer high returns.
Products & Services
The process of obtaining and funding small-dollar amount loans has been dreadfully needing a modern solution for decades. The lack of real-time data and endless manpower needed to process paperwork has resulted in unnecessary costs to lenders, and these costs have been transferred to consumers via high fees and interest. The current solutions don’t provide data to measure/identify the risk profile for these borrowers.
TienOi uses technology to cut down on these unnecessary costs while providing immediate free access to thousands of borrowers looking for loans. TienOi provides lenders with data to make an informed investment decision, this includes credit report data, history, as well as aggregated income and expenses from the last 90 days pulled from the borrower’s primary bank account.
TienOi charges borrowers on our platform 1% of the loan principal or a minimum of $3 regardless of interest rate and payback period. The fee and borrowed amounts are included in the borrower's loan request and covered in their payments.
TienOi Enterprise, our business solution for financial institutions and lending businesses, charges the same 1% of the loan principal or a minimum of $3 per loan to borrowers. TienOi enterprise allows companies to setup their first account and user without incurring any cost and charges $89.99/user/month for any additional user/employee added to the company’s account.
We have plans for new data partnerships and other monetization opportunities such as integration with existing and alternative data service providers and scoring models. This will create new monetization opportunities and create more significant opportunities for revenue to the investors on our platform.
Use of Proceeds
Private sale Allocation
Public Sale Allocation
The unsecured personal loan market hit an all-time high in 2018, surging 17 percent year over year to $138 billion, according to data from TransUnion.
Marketplace lending platforms are changing the way individual consumers and small businesses shop for loans, by combining big data with innovative financial tools. These new lenders offer new anti-fraud mechanisms and sophisticated credit models that are attractive to borrowers and investors alike.
According to a report by PwC, 56% of banking CEOs are concerned about the threat of new entrants in the lending industry, and 81% are worried about the speed of technological change.
Referral Bonus and Commission
- For each referral, you will receive 5,000 eVND to invest on the platform.
- You will get 5% commission from your referral
Conditions to buy shares TIEN
If you want to have a chance to buy TIEN. You need to hold BCNX for buying. Here is the rule:
- Hold 10 BCNX = 1 Ticket
- 1 Ticket : 100,000 eVND ~ 14.28 TIEN (with 1 ticket, you can buy maximum 100,000 eVND ~ 14.28 TIEN. If you want to buy more, you need to hold more BCNX to get ticket)
Ticket Promotion Program
Period 01: 01/01/2020–15/01/2020: Bonus 30% ticket
- Hold 10 BCNX = 1.3 Ticket
Period 02: 16/01/2020–31/01/2020: Bonus 10% ticket
- Hold 10 BCNX = 1.1 Ticket
From 2020-01-01 to 2020-01-15 with 1 BCNX = 0.13 Ticket. If you keep holding 1,000 BCNX
- For 1 day, you will have (1,000*0.13*1)/15/2 = 4.333 Tickets
- For 15 day, you will have (1,000*0.13*15)/15/2 = 65 Tickets
From 2020-01-16 to 2020-01-31 with 1 BCNX = 0.11 Ticket. If you keep holding 1,000 BCNX
- For 1 day, you will have (1,000*0.11)/16/2 = 3.437 Tickets
- For 15 day, you will have (1,000*0.11*15)/16/2 = 51.562 Tickets
Round 01: 01/02/2020–15/02/2020 (Early Bird)
- 116,000,000 eVND will get bonus of 11,600,000 eVND will invest in our platform
Round 02: 16/02/2020–29/02/2020
- Buy 58,000,000 eVND — 115,976,800 eVND will get bonus of 2,320,000 eVND to invest in our platform
- 168,000,000 eVND — 231,976,800 eVND will get bonus of 4,640,000 eVND to invest in our platform
- 232,000,000 eVND — 1,159,976,800 eVND will get bonus of 11,600,000 eVND to invest in our platform
- 1,165,000,000 eVND+ will get bonus of 34,800,000 eVND to invest in our platform
VIP Experience TienOi
Buy more than 2,320,000,000 eVND and get bonus of 116,000,000 eVND to invest in our platform + Invitation to a private founder dinner + In-person meeting or video call with TienOi’s executive team
Description of Benefits:
eVND: eVND bonus will be transferred to registered investors TienOi account once the round is closed. TienOi will reach out to each investor with instructions on how to utilize deposited credit. eVNDs can be used to fund loans through our platform.
Private Founder Dinner: Qualified investors for Founder dinner will be invited to a dinner with the founders and other investors in Hanoi, Saigon and Danang,etc…
Share (TIEN) Distribution Time
Local time: 01/04/2020 Vietnam (GMT+7)
TienOi Official Media Channels: